Obama to Drop Some Business Tax Cuts from Stimulus

Well, this is certainly good news (sorry, BNA email, no link):

Aides to President-elect Obama agreed late Jan. 12 to drop an unpopular idea to provide a $3,000 tax credit for companies hiring new workers from the economic stimulus package, Sen. Charles Schumer (D-N.Y.) told BNA.

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Business Tax Cuts as Stimulus: Somewhat Less Than Effective

This week, I've been considering the value of tax cuts as an effective economic stimulus. On the one hand, government spending appears to provide the most bang-for-the-buck.

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The Case for Tax Cuts in the Recovery Package

In the post below, I expressed concern about emphasis on tax cuts in an economic recovery plan.

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Economic Package Details Coming Into View

Details are emerging on the What and How of the imminent economic stimulus recovery package.

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